MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
AQUAMARINE DISTRIBUTOR LIMITED |
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Registered Office : |
Jahangir Tower (5th Floor), Karwan Bazar,
Dhaka-1000, Bangladesh |
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Country : |
Bangladesh |
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Date of Incorporation : |
28.03.1992 |
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Com. Reg. No.: |
C-21949 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Engaged
in importing, marketing and distributing of fast moving consumers goods. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
AQUAMARINE
DISTRIBUTOR LIMITED
Address
Jahangir Tower (5th Floor),
Karwan Bazar,
Dhaka-1000,
Bangladesh
Telephone :
880-2-9125792,9198070,
Fax :
880-2-8111163,
E-Mail :
info@mghgroup.com
SUMMARY
Established :
March,1992
Incorporation No. :
C-21949
Incorporation Dated :
28th March,1992
Status :
Satisfactory
Managing Director & CEO :
Mr.M.Anis Ahmed
Payment :
Regular
Litigation :
Nil
Capital Invested :
Tk.25 million
Sales :
Tk.248 million
Employees :
215
Executives-
10
Junior Executives-
15
Engineers- 2
Sales Staffs- 80
Supervisory Staffs- 50
Support Staffs- 20
General Staffs-
38
BANK
Standard Chartered Bank
Karwan Bazar Branch,
Dhaka.
HSBC Bank Limited,
Sonargaon Road,
Dhaka,
FACTORY
N/A
BRANCH
Dhaka
Chittagong
Khulna
OFFICE AREA
1,700 sq.ft. (Rented)
FACTORY AREA
N/A
WAREHOUSE AREA
2,500 sq.ft. (Rented)
DIRECTORS & SHAREHOLDERS
Mr.Gaziul Haque
-Chairman
Mr.M.Anis Ahmed
-Managing Director
HISTORY
The subject was established in March,1992 by Mr.M.Anis Ahmed
and other director in Dhaka city.
BUSINESS
The company in engaged in importing, marketing and
distributing of fast moving consumers goods.
PRODUCTION POSITION
Yearly production Capacity :
N/A
Last year Production :
N/A
ITEMS DEALING IN
Fast Moving Consumers Goods
MAIN FOREIGN PRINCIPALS
Johnson& Johnson,
-USA
Kellog,-- USA
Kodak----Malaysia
P & G,-- Singapore
TERM OF PAYMENT
Cash
Credit
NAME OF GROUP
MGH Group
SISTER CONCERN
·
Global
Freight Limited, Dhaka
Transmarine
Logistics Limited, Dhaka,
Global Freight
Limited , Dhaka
Total
Transportation Ltd , Dhaka
Tryco Limited,
Dhaka
MGH Infocom
Limited, Dhaka
Renaissance
Aviation Sources Ltd,
Galiliyo Bangladesh
Limited, Dhaka
Transmarine
Limited, Dhaka,
One World Air Cargo
Ltd, Dhaka
Integrated
Transportation Ltd, Dhaka
MEMBER
Dhaka Chamber of Commerce & Industries, Dhaka
LEGAL FORM
The subject is a private limited company incorporated with
the Registrar of Joint Stock of Companies Dhaka.
FINANCIAL INFORMATION
2005 2004 2003
Capital Invested Tk.25 million Tk.25 million Tk.24
million
Turnover Tk.248
million Tk.147.5 million Tk.147.8 million
Liability Tk.9.9
million Tk.9.2 million Tk.10 million
Fixed Assets Tk.60
million Tk.60 million Tk.59 million
CAPITAL STRUCTURE
Authorized Capital Tk.20
million
Paid up Capital Tk.150,000.00
Each share value Tk.100.00
each
EXCHANGE RATE
GB Pound 1.00=Tk.129.1870
US Dollar 1.00=Tk. 68.6654
Europe Euro 1.00=Tk. 87.0154
Japanese Yen 1.00=Tk. 0.5831
Australian Dollar 1.00=Tk. 52.3228
COMMENTS
Subject is a private limited company engaged in importing,
marketing and distributing of fast moving consumers goods to supply to local
markets.
Managing Director of the company is an experienced
businessman and knows his job well. He is financially solvent and good at his
business commitments,
The company can be considered normal for business dealings
at usual trade terms and condition.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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